HK Stock Market Move | GUOQUAN (02517) opened over 4% higher, planning to publicly repurchase no less than 2 billion Hong Kong dollars of H shares. The core operating profit in the first quarter is expected to increase by approximately 61% year-on-year at most.

GUOQUAN (02517) opened up more than 4%, as of press time, rose 4.59% to HKD 3.19, with a turnover of HKD 34.337 million. On the news front, GUOQUAN announced that on April 22, 2026, the board of directors made a resolution to propose a share repurchase plan for up to HKD 200 million on the open market using its own funds to repurchase H shares. The actual repurchase price per H share shall not exceed a premium of 5% or above the average closing price of the H shares in the five trading days prior to each repurchase. H shares repurchased under the share repurchase plan may be cancelled or held as treasury shares. Recently, GUOQUAN released its core operating data for the first quarter of 2026. The Group achieved revenue (unaudited or reviewed) of approximately RMB 2.2 billion to RMB 2.3 billion in the first quarter of 2026, representing a year-on-year growth of approximately 31.3% to 37.2% compared to the first quarter of 2025. Thanks to the growth in revenue, operational efficiency has increased steadily, combined with an increase in government subsidies received in the first quarter of 2026, the Group achieved core operating profit (unaudited or reviewed) of approximately RMB 185 million to RMB 205 million in the first quarter of 2026, representing a year-on-year growth of approximately 45.3% to 61.0% compared to the first quarter of 2025.